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Management Sciences 5307 MCQs [All-Courses]

Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

The capacity level of operations which is less than theoretical capacity is considered as ___________?

A practical capacity

B theoretical costing

C standard capacity

D actual capacity

Review Detailed Answer

Correct Answer: practical capacity

Tender is an_____________?

A estimation of profit.

B estimation of cost.

C estimation of selling price.

D estimation of units.

Review Detailed Answer

Correct Answer: estimation of selling price.

In Variable Costing Method, the fixed manufacturing cost in the calculation period is treated as _________?

A variable quantity

B fixed quantity

C price

D expense

Review Detailed Answer

Correct Answer: expense

Warehouse rent is a part of _________?

A prime cost.

B factory cost.

C distribution cost.

D production cost

Review Detailed Answer

Correct Answer: distribution cost.

The denominator of the fixed manufacturing cost rate is __________?

A adjusted labor utilization

B unadjusted labor utilization

C material utilization

D capacity utilization

Review Detailed Answer

Correct Answer: capacity utilization

The product capacity and costing, performance evaluation and regulatory requirements are the purposes of ___________?

A denominator level choices

B numerator level choices

C normal level choices

D standard level choices

Review Detailed Answer

Correct Answer: denominator level choices

An income statement in absorption costing follows the format of ___________?

A inventory margin

B sales margin

C Gross margin

D production margin

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Correct Answer: Gross margin

In absorption costing, the contribution margin per unit, fixed operating and manufacturing costs are all the dependents of ___________?

A profit point

B breakeven point

C production point

D cost point

Review Detailed Answer

Correct Answer: breakeven point

The budgeted fixed manufacturing cost for per unit, which is used to measure per unit cost of supplying is called ___________?

A indirect labor

B capacity

C raw material

D direct labor

Review Detailed Answer

Correct Answer: capacity

An approach in which, the over allocated and under allocated is spread in, ending balance of finished goods control, is called ___________?

A allocation approach

B unadjusted approach

C proration approach

D adjusted approach

Review Detailed Answer

Correct Answer: proration approach

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The capacity level of operations which is less than theoretical capacity is considered as ___________?

Tender is an_____________?

In Variable Costing Method, the fixed manufacturing cost in the calculation period is treated as _________?

Warehouse rent is a part of _________?

The denominator of the fixed manufacturing cost rate is __________?

The product capacity and costing, performance evaluation and regulatory requirements are the purposes of ___________?

An income statement in absorption costing follows the format of ___________?

In absorption costing, the contribution margin per unit, fixed operating and manufacturing costs are all the dependents of ___________?

The budgeted fixed manufacturing cost for per unit, which is used to measure per unit cost of supplying is called ___________?

An approach in which, the over allocated and under allocated is spread in, ending balance of finished goods control, is called ___________?